Tag: Fed’s communication policy

There’s something to be said for surprise.  It keeps us on our toes and makes life interesting.  That’s especially true in financial markets, where we’ve grown accustomed to apparent certainties – from “consensus” earnings estimates to interest-rate forecasts.  So it was good to see Fed Chairman Ben Bernanke remind everyone on Wall Street that Fed policy, like life itself, isn’t so easy to pred... Read More